Pakistan weekly inflation records slight decrease after rising for three consecutive weeks

Pakistan weekly inflation records slight decrease after rising for three consecutive weeks
People buy pulses and grains at a wholesale market in Karachi, Pakistan, on February 1, 2023. (AFP/File)
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Updated 04 January 2025
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Pakistan weekly inflation records slight decrease after rising for three consecutive weeks

Pakistan weekly inflation records slight decrease after rising for three consecutive weeks
  • Major decrease observed in prices of tomatoes, electricity, potatoes, eggs, liquefied petroleum gas and wheat flour
  • Pakistan’s annual consumer inflation eased further to 4.1 percent in Dec. 2024, according to the country’s statistics bureau

ISLAMABAD: Short-term inflation, measured by the Sensitive Price Index (SPI), has witnessed a slight decrease in Pakistan, the country’s statistics bureau said this week, after increasing for three weeks in a row.
The SPI, which comprises 51 essential items collected from 50 markets in 17 cities, is computed on a weekly basis to assess the price movement of essential commodities at a shorter interval of time to review the price situation in the country.
The SPI for the week ending on Jan. 2 decreased 0.26 percent on a week-on-week basis, according to the Pakistan Bureau of Statistics (PBS). Weekly inflation last decreased by 0.34 percent in Pakistan in the week ending on Dec. 5.
“During the week, out of 51 items, prices of 18 (35.29 percent) items increased, 10 (19.61 percent) items decreased and 23 (45.10 percent) items remained stable,” the PBS said in its report.
Major decrease was observed in the prices of tomatoes (13.48 percent), electricity charges for Q1 (7.48 percent), potatoes (5.59 percent), eggs (0.23 percent), garlic (0.21 percent), liquefied petroleum gas (0.18 percent) and wheat flour (0.09 percent).
The items whose prices increased during the week included chicken (10.28 percent), onions (4.93 percent), bananas (1.68 percent), diesel (1.18 percent), sugar (0.95 percent), jaggery (0.58 percent), vegetable ghee 2.5 Kg (0.53 percent) and petrol (0.21 percent).
Pakistan’s annual consumer inflation eased further to 4.1 percent in Dec. 2024, according to the PBS. Consumer inflation cooled from 4.9 percent in November, a sharp drop from a multi-decade high of nearly 40 percent in May 2023.


Pakistan and Saudi Arabia discuss expansion of Makkah Route Initiative for Hajj pilgrims

Pakistan and Saudi Arabia discuss expansion of Makkah Route Initiative for Hajj pilgrims
Updated 19 sec ago
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Pakistan and Saudi Arabia discuss expansion of Makkah Route Initiative for Hajj pilgrims

Pakistan and Saudi Arabia discuss expansion of Makkah Route Initiative for Hajj pilgrims
  • The initiative streamlines immigration by allowing pilgrims to complete travel formalities at departure airports
  • Pakistan’s religious affairs minister praises the Kingdom for focusing on the welfare of his country’s pilgrims

ISLAMABAD: Pakistan’s religious affairs minister Sardar Muhammad Yousaf on Wednesday discussed expanding the Makkah Route Initiative to more Pakistani cities with Saudi Minister of Hajj Dr. Tawfiq bin Fawzan Al-Rabiah while praising the Kingdom for its continued focus on the welfare of Pakistani pilgrims, according to an official statement.
The Makkah Route Initiative is designed to streamline immigration processes by enabling pilgrims to complete official travel formalities at their departure airports. Initially tested in Islamabad in 2019, the program was later expanded to Karachi, benefitting tens of thousands of Pakistani travelers.
“Federal Minister for Religious Affairs and Interfaith Harmony Sardar Muhammad Yousaf met with Saudi Minister of Hajj and Umrah Dr. Tawfiq bin Fawzan Al-Rabiah,” Pakistan’s religious affairs ministry said in a statement. “The meeting included discussions on enhancing facilities for Hajj pilgrims and Umrah visitors, as well as expanding the scope of the Makkah Route Initiative to other cities in Pakistan.”
The Pakistani minister said pilgrims from his country had greatly benefited from the special attention given by the Saudi authorities.
Dr. Al-Rabiah congratulated Sardar Yousaf on assuming charge of the religious affairs ministry and reiterated the Kingdom’s commitment to serving pilgrims.
“It is an honor to welcome large numbers of pilgrims from Pakistan each year,” he said, adding that “serving Hajj and Umrah pilgrims remains one of the Saudi government’s top priorities.”
The ministers also discussed issues related to the registration process for Pakistani pilgrims.
Dr. Al-Rabiah assured the concerns of Pakistani Hajj applicants would be addressed on a priority basis, adding the Saudi authorities had introduced several new measures this year to improve services for pilgrims.
 


Pakistan reviews preparations for nationwide polio campaign as six cases confirmed for 2025

Pakistan reviews preparations for nationwide polio campaign as six cases confirmed for 2025
Updated 2 min 23 sec ago
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Pakistan reviews preparations for nationwide polio campaign as six cases confirmed for 2025

Pakistan reviews preparations for nationwide polio campaign as six cases confirmed for 2025
  • Next vaccine drives scheduled to be held in April and May
  • Pakistan saw a surge in cases last year with 74 confirmations

ISLAMABAD: Pakistan’s national polio management team on Wednesday reviewed preparations for a nationwide polio vaccination campaign set to be held in April and May as the country reported six new cases in 2025 and 74 last year. 
Polio is a crippling disease with no cure and multiple doses of the oral polio vaccine, along with timely completion of routine immunization for children under five, are essential to building protection against the virus.
The government has planned several nationwide immunization campaigns in 2025 to address immunity gaps after a surge in cases last year. 
“Prime Minister’s focal person for Polio Eradication Ayesha Raza Farooq emphasized making the April and May campaigns more effective to stop the spread of the virus,” the National Emergency Operations Center (NEOC) said on Wednesday. “She said no child should be left unvaccinated in the upcoming polio campaign.”
Pakistan’s polio eradication program was launched in 1994, but progress has been hindered by persistent vaccine misinformation and resistance from conservative clerics who view immunization as part of a foreign conspiracy. 
Polio vaccinators have also faced targeted violence from militants in many regions of the country.


Pakistan set New Zealand 129-run target in final T20

Pakistan set New Zealand 129-run target in final T20
Updated 39 min 59 sec ago
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Pakistan set New Zealand 129-run target in final T20

Pakistan set New Zealand 129-run target in final T20
  • Captain Salman Agha scores half-century in fifth T20 in Wellington
  • New Zealand team has 3-1 lead in the series against Pakistan so far

Wellington: A half-century by captain Salman Agha lifted Pakistan to 128-9 in the fifth and final Twenty20 against New Zealand in Wellington on Wednesday.
Salman was eventually dismissed in the penultimate over for 51 after he and Shadab Khan rescued Pakistan from 52-5 in the 10th over.
Jimmy Neesham, who removed both Salman and Shadab, was the most successful New Zealand bowler with 5-22.
New Zealand, with an unbeatable 3-1 lead in the series, need 129 to win.
After another poor start by Pakistan, Salman and Shadab shared a 54-run stand for the sixth wicket.
Shadab was caught behind off Neesham for 28.B
Pakistan again had problems with the top order.
Jacob Duffy claimed the first wicket in the second over when he removed Hasan Nawaz for his third duck in the series.
He added Omair Yousuf in his following over as Pakistan struggled to cope with Duffy’s swing and seam movement, as well as the bounce generated by Will O’Rourke and Ben Sears.
New Zealand, who won the toss, made one change for the match with Sears coming in for Zak Foulkes.
Pakistan made five changes with Omair, Usman Khan, Jahandad Khan, Sufyan Moqim and Mohammad Ali all coming in.


Pakistani finance chief calls for coalition of developing nations to push for fair trade, financial reform

Pakistani finance chief calls for coalition of developing nations to push for fair trade, financial reform
Updated 6 min 24 sec ago
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Pakistani finance chief calls for coalition of developing nations to push for fair trade, financial reform

Pakistani finance chief calls for coalition of developing nations to push for fair trade, financial reform
  • Muhammad Aurangzeb floated the proposal while addressing the Asia Annual Conference 2025, held in China
  • He called for reforming the global sovereign debt system, with G20 and IMF supporting debt relief, financial justice

ISLAMABAD: Federal Minister for Finance and Revenue Muhammad Aurangzeb has proposed the formation of a global coalition of developing nations to collectively advocate for fair trade and better representation in international financial institutions, while criticizing the global economy as unequal, according to an official statement issued on Wednesday.
The finance chief made these remarks during his address at the Boao Forum for Asia Annual Conference 2025, held in China.
The forum, often referred to as the “Asian Davos,” is a high-level platform where leaders from government, business and academia across Asia and other continents gather to discuss pressing global and regional issues, with this year’s conference — titled “Asia in the Changing World: Towards a Shared Future” — running from March 25 to 28.
“Developing countries must unite to demand fair trade principles and improved representation in global financial institutions,” Aurangzeb said, according to a finance ministry statement, as they asked them to form a global coalition.
He said globalization’s had led to general progress, but its benefits remained unevenly distributed.
“The global economy has undoubtedly driven economic growth,” Aurangzeb said, according to a statement released by Pakistan’s finance ministry. “However, it remains highly unequal and fragmented.”
“Such an economy primarily benefits developed nations, while countries in the Global South are often overlooked,” he added.
Highlighting the structural challenges faced by developing nations, Aurangzeb pointed to high tariffs, discriminatory trade practices and barriers to market access that limit their ability to participate fully in the global economy.
He also stressed the urgency of reforming the global sovereign debt system, urging multilateral institutions such as the G20 and the IMF to play a more constructive role in debt relief and financial justice.
“The G20 and IMF must reform the sovereign debt system to enable debt forgiveness and ensure financial fairness,” he said.
Calling for inclusive and sustainable growth, Aurangzeb advocated for stronger multilateral cooperation to promote equitable market access, enhance regional connectivity, and build a global economy that works for all.
“An inclusive global economy is not a choice but a necessity,” he said.
He also underscored the role of technology in closing the global equity gap, recommending the creation of international AI and fintech funds to support digital inclusion in developing countries.
“Technology should serve as a tool for equity,” he said.
The finance minister further called for sustainability and environmental justice to be integrated into globalization policies.
He stressed the need for increased climate financing and easier technology transfer to countries most vulnerable to the effects of climate change.
 


Pakistan space agency predicts Eid Al-Fitr on Mar. 31

Pakistan space agency predicts Eid Al-Fitr on Mar. 31
Updated 26 March 2025
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Pakistan space agency predicts Eid Al-Fitr on Mar. 31

Pakistan space agency predicts Eid Al-Fitr on Mar. 31
  • Sighting of Shawwal crescent moon signifies end of Ramadan and start of Eid Al-Fitr
  • Sighting of moon determined by combination of astronomical factors, traditional practices

ISLAMABAD: Pakistan’s national space agency predicted on Wednesday the first day of the Eid-Al-Fitr festival that caps the holy month of Ramadan would likely be observed on Monday, Mar. 31.

The sighting of the new moon, or the Shawwal crescent moon as it is otherwise called, signifies the end of Ramadan, and the beginning of Eid Al-Fitr and its festivities. Ramadan in Pakistan began on Mar. 2, a day later than in most other Muslim countries, and Eid is thus widely expected to fall on Mar. 31. 

Pakistan’s central moon sighting body, the Ruet-e-Hilal Committee, observes the Shawwal moon before Eid each year and announces the start of the holiday. 

“The likelihood of moon sighting on Mar. 30, 2025 in Pakistan is very bright,” the Space & Upper Atmosphere Research Commission (SUPARCO) said in a statement. 

“Consequently, Ramadan is expected to complete 29 days, and the first day of Eid-Al-Fitr will likely be observed on Mar. 31, 2025.” 

The sighting of the Shawwal crescent moon is determined by a combination of astronomical factors and traditional practices, including the moon’s age, its angular separation from the sun, and visibility conditions.

Muslims look for the crescent moon in the sky shortly after sunset on the 29th day of Ramadan each year. 

If the moon is sighted, the following day is declared as the first day of the new month of Shawwal and the start of Eid Al-Fitr.